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All Of These Disasters Brought To You By The Total, Self-Assured Unanimity Of The Highly Educated People Who Are Supposed To Know What They’re Doing

A report from the Beacon Online in Florida. “Volusia County’s overall property values and the tax base have reached new record highs. The real estate market and the tax base are rising, despite the coronavirus pandemic. ‘Hotels were hurt. Restaurants were hurt. Places were forcibly closed,’ Property Appraiser Larry Bartlett said. ‘Unfortunately, some of the smaller businesses closed [permanently].’ While there was a slowdown in the commercial sector, he added, housing forged ahead and is still going strong. ‘Thanks to residential real estate, it’s the engine that is pulling us through,’ Bartlett said.”

The New York Post. “Manhattan’s commercial landlords, stewards of a half-billion square feet of office floors, will be sweating out the usually restful season between Memorial Day and Labor Day, praying that the much-anticipated return to offices really happens. Compounding their anxiety are out-of-date rules for workplaces that were drafted by the state in the pandemic’s terrible early phase — and will make office return on a meaningful scale all but impossible if they’re not quickly overhauled, many major developers and property owners privately say.”

“One prominent landlord who wouldn’t be named lest he antagonize notoriously vindictive Gov. Andrew Cuomo said: ‘This is a nightmare for owners and for our tenants. Everyone wants to bring employees back, but the state rules make it impossible to plan for how many and how soon.'”

The Houston Chronicle in Texas. “Month after month for more than a year, Harris County postponed its foreclosure auction as the pandemic raged and unemployment soared. Tuesday morning, to the surprise of investors, homeowners and lawyers, the auction was back on.”

“‘Since the inventory is low, what we have here is a panic-buying situation,’ said Reggie Nelson, a real estate broker who also flips and rents houses. ‘They’re overpriced now.’ But Lonese Herbert, who was scoping out the auction for the first time, felt differently. As a real estate agent, she could pull up what what homes being auctioned off had previously sold for. ‘This last one, it said the initial purchase price was $425,000,’ she said. ‘And today it sold for $266,000. That’s a deal.'”

From CBC News in Canada. “It’s a bit harder to qualify for a home loan as of today, as the federal government has raised the minimum financial bar that anyone applying for a mortgage must meet. Ottawa raised the level of the “stress test” for mortgages today, setting the new level at 5.25 per cent — or two full percentage points above the borrower’s mortgage rate, whichever is higher. That’s an increase of about half a percentage point from where it was before.”

“Launched in 2017 to cool down the overheated market of the time, the stress test is a minimum threshold that anyone applying for a home loan in Canada has to meet. It doesn’t make the loan itself any more expensive. Rather, it ensures anyone getting a mortgage will be able to pay it off if rates go up.”

“There are already signs the market may be cooling even ahead of its implementation, says James Laird, co-founder of rate comparison website Ratehub.ca. ‘That’s not to say the housing market is slow, it’s just slower than it was in March of this year,’ he said in an interview. ‘Regardless of this rule change, March 2021 is probably going to be the peak.'”

The Edmonton Sun. “Canada’s real estate market has gone through the looking glass. It’s so impossibly hot that some Canadians are now in favour of using higher interest rates as a means of cooling housing demand and limiting the out-of-control price growth that’s driving buyers from the market in droves.”

“That’s the key takeaway from a new Nanos/Bloomberg poll, which found that 49 per cent of those surveyed either ‘support’ or ‘somewhat support’ the Bank of Canada increasing interest rates as a means of capping housing prices. ‘Even though there is no consensus, the fact that 1 in 2 Canadians is good with a rate hike speaks to the appetite to cool down a hot housing market,’ says Nanos Research chairman Nik Nanos.”

“But you can’t raise the overnight rate and affect homebuyers alone. When the overnight rate shifts upward, so does the prime rate commercial banks charge their customers. That would mean higher rates on any variable-rate loan you might carry, like a personal loan or a line of credit. The Bank of Canada has the power to influence the housing market by sharply raising rates, but no mandate to do that, BMO chief economist Douglas Porter points out.”

“‘Their remit is to control inflation more broadly, so they have to aim their policy at the whole economy, not just housing,’ he says, adding that the only case he can recall of the BoC aiming policy at housing alone was in the late 1980s, when the Greater Toronto Area market was burning up. ‘The BoC was cranking interest rates to control it. But that ended up wounding the entire economy,’ says Porter.”

“David Fleming, an agent with Bosley Real Estate in Toronto, says using a juiced-up overnight rate to control housing prices is ‘one of the most bizarre ideas’ he’s ever heard. ‘They have no idea what they’re talking about,’ Fleming says of the Nanos survey takers. ‘How many of them understand that if interest rates went up, it would have a massive effect on the Canadian economy? Or that if rates went up, these (people) would have a harder time buying because they would qualify for less?'”

“Rather than hoping policymakers could concoct a recipe for price relief that wouldn’t poison the entire economy, buyers should look at what they can do proactively to improve their chances of landing a mortgage and buying a home, says Century 21’s Sarah J. Stevens in Barrie, Ontario.”

“‘Start with you,’ Stevens says. ‘Can you make a change to drive your income, or purchase a house in a different way, like with another person, or by buying a home with a rental component? If you want to buy a house and don’t have the money, you have to ask yourself, ‘How am I going to do it?’ You don’t need to look to a governing body.'”

“It may not change anything, but Fleming says homebuyers have their reasons for barking up the wrong treehouse. ‘You have to cling to something if you don’t want to accept reality,’ he says. Reality, in this case, is a market that’s moving too fast for the average Canadian to keep up with.”

The Guardian. “Like all plagues, Covid often felt like the hand of God on earth, scourging the people for their sins against higher learning and visibly sorting the righteous from the unmasked wicked. ‘Respect science,’ admonished our yard signs. And lo!, Covid came and forced us to do so, elevating our scientists to the highest seats of social authority, from where they banned assembly, commerce, and all the rest.”

“We cast blame so innocently in those days. We scolded at will. We knew who was right and we shook our heads to behold those in the wrong playing in their swimming pools and on the beach. It made perfect sense to us that Donald Trump, a politician we despised, could not grasp the situation. Reality itself punished leaders like him who refused to bow to expertise. The prestige news media even figured out a way to blame the worst death tolls on a system of organized ignorance they called ‘populism.'”

“But these days the consensus doesn’t consense quite as well as it used to. Now the media is filled with disturbing stories suggesting that Covid might have come — not from ‘populism’ at all, but from a laboratory screw-up in Wuhan, China. You can feel the moral convulsions beginning as the question sets in: What if science itself is in some way culpable for all this?”

“My own complacency on the matter was dynamited by the lab-leak essay that ran in the Bulletin of the Atomic Scientists earlier this month; a few weeks later everyone from Doctor Fauci to President Biden is acknowledging that the lab-accident hypothesis might have some merit. We don’t know the real answer yet, and we probably will never know, but this is the moment to anticipate what such a finding might ultimately mean. What if this crazy story turns out to be true?”

“The answer is that this is the kind of thing that could obliterate the faith of millions. The last global disaster, the financial crisis of 2008, smashed people’s trust in the institutions of capitalism, in the myths of free trade and the New Economy, and eventually in the elites who ran both American political parties.”

“In the years since (and for complicated reasons), liberal leaders have labored to remake themselves into defenders of professional rectitude and established legitimacy in nearly every field. In reaction to the fool Trump, liberalism made a sort of cult out of science, expertise, the university system, executive-branch ‘norms,’ the ‘intelligence community,’ the State Department, NGOs, the legacy news media, and the hierarchy of credentialed achievement in general.”

“Now here we are in the waning days of Disastrous Global Crisis #2. Covid is of course worse by many orders of magnitude than the mortgage meltdown — it has killed millions and ruined lives and disrupted the world economy far more extensively. Should it turn out that scientists and experts and NGOs, etc. are villains rather than heroes of this story, we may very well see the expert-worshiping values of modern liberalism go up in a fireball of public anger.”

“There are strong hints that some of the bat-virus research at the Wuhan lab was funded in part by the American national-medical establishment — which is to say, the lab-leak hypothesis doesn’t implicate China alone. There seem to have been astonishing conflicts of interest among the people assigned to get to the bottom of it all, and (as we know from Enron and the housing bubble) conflicts of interest are always what trip up the well-credentialed professionals whom liberals insist we must all heed, honor, and obey.”

“The news media, in its zealous policing of the boundaries of the permissible, insisted that Russiagate was ever so true but that the lab-leak hypothesis was false false false, and woe unto anyone who dared disagree. Reporters gulped down whatever line was most flattering to the experts they were quoting and then insisted that it was 100% right and absolutely incontrovertible — that anything else was only unhinged Trumpist folly, that democracy dies when unbelievers get to speak, and so on.”

“The social media monopolies actually censored posts about the lab-leak hypothesis. Of course they did! Because we’re at war with misinformation, you know, and people need to be brought back to the true and correct faith — as agreed upon by experts.”

“If it does indeed turn out that the lab-leak hypothesis is the right explanation for how it began — that the common people of the world have been forced into a real-life lab experiment, at tremendous cost — there is a moral earthquake on the way.”

“Because if the hypothesis is right, it will soon start to dawn on people that our mistake was not insufficient reverence for scientists, or inadequate respect for expertise, or not enough censorship on Facebook. It was a failure to think critically about all of the above, to understand that there is no such thing as absolute expertise. Think of all the disasters of recent years: economic neoliberalism, destructive trade policies, the Iraq War, the housing bubble, banks that are ‘too big to fail,’ mortgage-backed securities, the Hillary Clinton campaign of 2016 — all of these disasters brought to you by the total, self-assured unanimity of the highly educated people who are supposed to know what they’re doing, plus the total complacency of the highly educated people who are supposed to be supervising them.”

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  1. ‘The answer is that this is the kind of thing that could obliterate the faith of millions. The last global disaster, the financial crisis of 2008, smashed people’s trust in the institutions of capitalism, in the myths of free trade and the New Economy, and eventually in the elites who ran both American political parties’

    So much to refute. Where’s the free trade in a housing loan market completely run by corrupt guberments? Central banks and their phony money buying trillions of MBS is free market?

    These globalist dogs pin everything on buying and selling shacks to each other because globalism has failed miserably. Now it’s time to start stringing these mass murderers up.

    2. Until somebody drives a hatchet straight into Jerome Powell’s skull, or similar, nothing is going to change. These anti-American financial terrorists are completely in charge of the entire global system.

  3. From the Guardian:

    ‘Lab leaks happen. They aren’t the result of conspiracies: “a lab accident is an accident,” as Nathan Robinson points out; they happen all the time, in this country and in others, and people die from them’

    I’m sick of this horseshit. The commies knew it could spread from person to person in 2019. And it’s an undisputed fact that they closed Wuhan to the rest of China but allowed thousands to fly out all over the world. They did this on purpose.

    1. Not only that, they have to this day denied it was a lab leak. Thus you can’t call this an accident. They lied. People died. And China hasn’t been held to account for a single thing b/c of gutless people like Fauci

      1. Last thread Red pilled posted some interesting posts about emails by Dr. Fauci showing what looks like a cover up.
        The exact timing of this lab leak just looks so deliberate to achieve goals.

        2. Meanwhile, they want a needle in every arm, even people who already had Covid and now have natural immunity.

          3. These basⓣards should pay. Probably will never happen.

            My daughter (mildly Aspergers) has been very angry at me for the whole year because I insisted she not get any shots. Up until now we had a pretty good relationship. There are likely other factors, but it’s been pretty unpleasant.

          4. very angry at me for the whole year because I insisted she not get any shots

            Does she not understand how dangerous they are?

          7. My daughter

            Mine is not happy with me either. She thinks I’m withholding a privilege her peers have been given. I’m afraid she will probably be segregated at summer camp. I asked if this was to protect the “vaccinated”.

          8. Does she not understand
            I don’t know what she thinks any more. She’s very bright and logical, so I asked if she was doing a “shoot the messenger” on me – no answer.

            As I said, there are other factors. Since my husband retired (when lockdown started) and is around all the time, things have gotten a little rocky. He’s been attempting to take over things I usually do, changing and moving stuff around, etc. I keep telling him please, do stuff I can’t do, but it’s weird – he persists, a regular Suzy Homemaker (unlike me, but I always did what I had to do.)

            I know it sounds petty but it’s really annoying and it’s been doing a real number on the home atmosphere.

          9. Mine is not happy with me either.

            BlueSkye, let’s hope someday they realize what went on and they put it in the “it was for my own good” category and we only did it because we love them.

          10. impaired executive function
            RR, definitely. Really showed up in school along with the sensory problems.

          11. “I know it sounds petty but it’s really annoying and it’s been doing a real number on the home atmosphere.”

            Sounds like he needs golf clubs or a fishing kit.

          12. Sounds like he needs golf clubs or a fishing kit.

            Yeah, right. Neither of those are him, but you’ve got me thinking 🤔

          13. HaHa, Tarara, My wife calls it having 1/2 the money, and twice the husband. After being retired 5 years, I’ve learned to stay in my lane!

          14. My wife calls it having 1/2 the money, and twice the husband.

            My gf would complain that I was outside too much, not spending enough time indoors with her. You can’t win.

          15. @Tarara Boomdea maybe this is humans way of putting the blame on someone, to help vent frustration. As for your husband’s change in behavior, all of our structure & routine as humans is now broken since lockdown, people start to find new ways to adapt when their sense of stability has abruptly changed.

          16. @Yuipwho Lockdown certainly hasn’t helped our family dynamic, but nobody’s died…yet 😉

            Long thread, can’t tell exactly where this is going to land.

          1. I’ve learned to stay in my lane!

            🤣 Exactly. I’m afraid I’m reaching shriek level so I have to tone it down. I don’t think he’s ever going to get it.

      1. Don’t give them too much credit. Anyone even remotely intelligent suspected this was a leak from weaponized virus research from Wuhan in Q1 2020. How did it take “journalists” over a year to give this idea any credence?

        Also note how they take this opportunity to blame capitalism on the 2008 financial crisis. Please. Capitalism = free markets, price discovery, and no regulation. Yet the world’s financial systems are some of THE MOST REGULATED on Earth. Governments interfere with all aspects as well, from currencies, interest rates, and lending standards. There is little to no laizzes-faire capitalism here. This is corporatism/mercantilism and this is exactly what it yields.

        The ultimate proof is this: capitalism rewards the smart and punishes the stupid. Since the 2008 financial crisis did mostly the opposite, we can conclude there was little capitalism involved.

          1. So true. Waiting for this part of the scandal to drop. Several people on here mentioned they were or knew people who were extremely sick with a mystery illness in Summer/Fall 2019. Same here. If that was indeed Covid-19, in 2019, that indicates there might have been a trial run before the lab leak.

          3. there might have been a trial run before the lab leak

            No trial run. Just here, particularly California, at least a month or two before it was on anyone’s radar.

        3. Ok, nobody ever said that Capitalism didn’t have to have some regulation with it. Rule of law, laws against Monopolies, laws regulating lenders like the Glass Steagall Act, they got rid of. Laws that prevent a Globalised Monopoly on labor prices or manufacturing.
          Under pure Capitalism and free trade, you could get one slave labor Country manufacturer wipe out the competition of all others. What do you think the purpose of tariffs has always been.

          I can’t stress enough why Monopolies screw up capitalism from working the way it should. The Monopolies in the 1850’s onward in the US eliminated all their competition so they could exploit labor and rig prices. Those Monopolies finally got sued and broken up in around 1915.
          Have you seen the Swamp in DC do anything to stop the Monopoly power? If anything DC became the pawn of the Monopolies.
          And all the rigged economic systems that the Government has fostered isn’t capitalism either.The government backing loans that produce a artificial demand that causes a product to rise isn’t capitalism either. Under capitalism you would have a lender making a proper risk assessment on a loan , not being able to pass the risk of loss to gov. Or , you wouldn’t have Gov bailing out Lenders who had major loss because they were fraudulent in loan making . They would go BK and be eliminated, not bailed out, under capitalism.
          So its easy to say that capitalism is no good, but what we have now isn’t capitalism.
          Regulated capitalism worked rather well in raising the standard of living in US and creating a strong Middle class, and keeping prices stable, etc. Than they started messing with capitalism in USA for some kind of Frankenstein Economy.

    3. The leak itself might have been an accident. But allowing people to fly out was no accident. Brow beating weak-butt Tedros at WHO was no accident. Mask or no mask was not an accident. Downplaying asymptomatic transmission was no accident. CDC wanting its own test kits was no accident. Suppression of HCQ, and the concomitant chilling effect on IVM, were definitely no accident. Those 250,000 sudden votes in Virginia were no accident. Destroying lab leak evidence was no accident. You will own nothing, and live in a pod and eat bugs, and you will be happy was no accident.

        2. I’ve watched to 49mins so far and it’s excellent. Especially how he puts the HCQ suppression into a wider context of general refusal to treat the virus at all pre-hospitalization.

          For those who haven’t watched that part, Dr. McCullough basically said US mainstream medicine’s covid treatment policy was a catch-22 – if you got covid, stay home until you’re so sick the therapeutics won’t help you anymore, and only go to the hospital when you can’t breathe and there’s not much the hospital can do.

          Meanwhile, healthy people were told to test constantly and for what? If positive, they were denied HCQ and IVM, told to isolate at home and drink fluids. As he points out, there were supposed to be Covid outpatient clinics but where were they? We got a lot of diagnostic testing theater, but little actual medical care.

          2. Not only was there answer to this “do nothing”. The Federal Thuggerment deliberately intimidated medical professionals from exercising their professional judgement.

            Fraudci has been clandestinely hiring contract labs in China (for years) to weaponize the flu (for whatever reason) and his opera show was and still is a diversion from it.

            Follow the money.

          3. This isn’t news. Medcram has known about this for a year. It was either suffer at home, or go to the hospital. No in-between. I’m not so worried about the mild cases, but the long-haulers could have been saved. They have grounds to find a few ambulance-chasers.

          4. Medcram has known about this for a year.

            HBBers have known this for a year.

          6. Gee, I wonder why.

            If your sources were so omniscient, then why have you been cowering under your bed for over a year, masked up in an N-95 when you do go out, and now vaccinated? You were rambling last year about things like innoculation theory and aerosol physics. I’d love to hear from anyone that took you seriously.

      2. The leak itself might have been an accident.

        Cui bono? A perfectly timed accident? Call me skeptical.

        1. call me skeptical too. even call me surely. just don’t call me late for dinner.

          * thank you. please tip … here all week .. etc yadda

          on a serious note, these long boring multi paragraph snooze fest data dump press releases reek of caffeine/nicotine fueled marathon keyboard commandos are so alike:
          full of sound & fury. signifying nothing.

      3. ” The leak itself might of been a accident.”

        I think its more likely it was deliberate, if you look at the exact timing of it and everything else that was done to spread it .
        And when you have a cover up by a Foreign Country, how is that Country ever held liable for such a thing ?
        20 years ago it should of been obvious that China was a threat to National Security by being Communist for starters.

      4. oxide

        Speaking of accidents, thank you for explaining the boat accident the other day. It was not condescending at all, I had never heard of that anywhere else. It might be a joke in a lot of red states, but I live in a purple town in a solidly blue state so there’s not a lot of gun jokes here, except when they involve gangbangers shooting each other in alleys. years ago I went clay pigeon shooting with my inlaws in the rural upper midwest and I shot as well as they did. They all asked how a city slicker like myself can shoot so well and I said, well, I live in a big city, of course everybody has guns here too! They just laughed.

        1. 😎 Sometimes it’s hard to know who has already heard what joke. I didn’t figure it out either until I read it several times on righty websites.

    4. One of the notable features of this article is how well Thomas Frank nailed the liberal attitude: “If you even question us, you’re an ist-ism-tinfoil-Maga-Trumpy; Dr. Fauci said so.” Frank says his complacency was dynamited, and it shows. The entire writing style sounds like “oh my god, I’ve been under a spell this whole time.” And it seems to go beyond COVID and science. He’s waking up to the whole ruse in general. Maybe his next article will torpedo cancel culture.

    5. They intentionally seeded the world with the “Orange Man Bad” virus. This was the globalists plan. They are in bed with China, because that’s where they can rape the world on labor arbitrage.

      1. By releasing this virus, the globalists could kill many birds with a single stone: Get rid of Orange Man Bad and throw a monkey wrench into his trade war. Force the population to submit to Nazi like tyranny under the guise of safety. Destroy all the mom and pop businesses, leaving the corporations to rule the landscape. Line the pockets of the obscenely wealthy globalists and their cronies through massive government spending and FED money-printing.

          1. It is interesting that the drum beat to get the VAXX is dying out. I guess they realize that they’ve reeled in all the suckers and now know who will blindly obey. Now the articles are about who the US will share its VAXX surplus with.

          2. The virus is just a flu.

            It’s a engineered coronavirus. The emails give us the recipe.

          4. You spoke too soon, Colorado. Biden is now offering free beer. Heh, I still think he should offer boxes of 556. Let’s find out who the real refusers are.

          6. but they are caused by different viruses

            In 2020, if you caught the influenza virus, the medical establishment said you had something “Covid related”. So, different but same. Ironic.

      2. It’s not just labor arbitrage anymore because costs have risen significantly, especially compared to developing nations in Southeast and South Asia. Rather it’s lax environmental regulations that make China so special. The PRC has very, very strict environmental “laws”, but they are not enforced.

        When you can dump whatever you want into the land, sea, and air you make more profits. This is doubly important when you do higher-value manufacturing, such as automobiles, airplanes, batteries, etc.

        1. Also, I haven’t ruled out some kind of controlled release of some kind of toxin that would create respiratory symptoms in various places.
          I just can’t get around the fact that the PCR tests weren’t accurate. And giving this test to people who weren’t sick is weird.

          The creator of the test , who died mysteriously a couple months before Covid release, said in essence that test should never be used for diagnosis purpose.
          And the regular flu vanished, and just about all deaths get labeled Covid, with Medical system getting a considerable bribe to lable everything Covid.
          And like what came out in Bens post, the suppression of meds that worked , and medical system doing nothing but respirators that had a 90 % death rate.

          You have more and more doctors coming out in dispute to what was done, course they are being censored. Its seems to me in general Doctors were under risk of getting fired if they didn’t do what Big Pharmacy wanted.
          Its all going to come out eventually (I hope).

          1. The more one learns about this, the more believable it is that something truly sinister is happening. This goes far beyond incompetence at work.

          2. “The creator of the test , who died mysteriously a couple months before Covid release“

            Link? What did this person die of?

          3. The more one learns about this, the more believable it is that something truly sinister is happening.

            We know that something sinister is going on. It’s the globalist “elites” who are conspiring to kill people and control the world to fatten their own wallets and play social engineering games.

          8. We know that something sinister is going on.

            I’m thinking that they wanted a super variant to appear (mass vax in a pandemic can make that happen), so that we would have truly needed the “bring out yer dead” carts. Hence the “a needle in every arm” campaign.

    6. Just as is the case with the AZ audit, the fact that they are fighting so hard against an investigation should tell you all you have to know. Nothings screams, “I am innocent” more than threatening nuclear war if the US continues its investigation into the origins of the Wuhan Flu.

  4. ‘‘This last one, it said the initial purchase price was $425,000,’ she said. ‘And today it sold for $266,000’

    Don’t screw up the comps.

  6. ‘One prominent landlord who wouldn’t be named lest he antagonize notoriously vindictive Gov. Andrew Cuomo said: ‘This is a nightmare for owners and for our tenants’

    Another mass murderer protected by the media and establishment.

  7. As a real estate agent, she could pull up what what homes being auctioned off had previously sold for. ‘This last one, it said the initial purchase price was $425,000,’ she said. ‘And today it sold for $266,000. That’s a deal.’”

    You won’t see real deals until the implosion of the Fed’s Everything Bubble.

  8. ‘Launched in 2017 to cool down the overheated market of the time, the stress test is a minimum threshold that anyone applying for a home loan in Canada has to meet’

    So what happened? Canadia ditched ALL of the measures to crater prices and the central bank cut interest rates 3 times in one month.

    ‘There are already signs the market may be cooling even ahead of its implementation’

    This is how it works. They run out of buyers, prices head down and lenders/guberments cover their a$$es by clamping down. It’s too late of course but they are idiots after all.

  9. “That’s the key takeaway from a new Nanos/Bloomberg poll, which found that 49 per cent of those surveyed either ‘support’ or ‘somewhat support’ the Bank of Canada increasing interest rates as a means of capping housing prices.

    Interest rates far below the rate of true inflation is bilking savers out of trillions in interest income and forcing them to speculate in the banksters’ rigged casino.

    1. “Interest rates far below the rate of true inflation is bilking savers out of trillions in interest income and forcing them to speculate in the banksters’ rigged casino.”

      I like it, and I love it, and I want a LOT more of it.

      Not for me, of course, but for the children.

  10. The last global disaster, the financial crisis of 2008, smashed people’s trust in the institutions of capitalism, in the myths of free trade and the New Economy, and eventually in the elites who ran both American political parties’

    The globalists can’t create the conditions for a Communist revolution until there is a huge mass of bitter disenfranchised people who are dumbed down (thank you, NEA indoctrination mills) and can easily be manipulated into joining globalist-led and bankrolled radical left groups. The destruction of our productive economy and the Fed’s debasement of the currency has been by design.

    1. Boo,
      You post is exactly what I think the plan is. Everything they have been doing for 25 years now has been a recipe to de-fund America, while they were looting it at the same time. They obviously got to those bribed traitors in Washington DC.

      It became obvious that there was a open attack on the USA with all the fake narratives , not peaceful Commie protestor funded by Big Corporations, chaos by attack on law and order. A criminally rigged election to put the puppets in. Cancel culture to target political enemies and just destroy free speech. Labeling any group a domestic terrorist if they don’t go along with this takeover. Threat of job loss if you don’t go along with their narratives. Lawsuits files to harass political enemies.
      My God, the non stop attacks on Trump were baseless, Russian hoax, two impeachments, slander 24/7., illegal spying on him , FBI & justice Dept trying to take him out. I am really surprised the Guy accomplished as much as he did . Than the final attack on his good economy, being Covid while Mainstream news accused him of killing 200 thousand Covid Patients.

      So, this is all Soviet or Nazi or Mao style methods .
      Joe Biden messing up the Border and doing anything to advance the overtake of USA. Biden pimping medical tyranny, on and on countless acts, along with fake news with censorship.
      For God Sakes, censorship is a weapon to destroy anything that might dispute or oppose the plan narrative, or fraud being done. Censorship is a form of cover up and obstruction of Justice.
      And the Monopolies are working together on this, and corrupted Gov is also. I HAVE NEVER SEEN ANY THING LIKE THIS IN MY LIFE.

  11. “‘Start with you,’ Stevens says. ‘Can you make a change to drive your income, or purchase a house in a different way, like with another person, or by buying a home with a rental component?

    These realtor scum need to be flogged with a cat-o-nine-tails once the housing bubble and global financial system all come crashing down. There needs to be swift, summary justice for all of the policymakers, central banker criminals, and REIC shills who allowed this to happen.

    1. ‘Buyers are clearly starting to hit an affordability wall. This is especially clear from the government loan demand. FHA and VA loans offer low or even no down payment options for borrowers with lower incomes and credit scores.’

      There’s yer subprime.

      “Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continues to hold back purchase activity,” said Joel Kan, an MBA economist. “The government purchase index declined to its lowest level in over a year and has now decreased year over year for five straight weeks.”

      1. Affordability wall

        Heh, imagine what prices would look like if buyers could take out I/Os and neg-ams like they did in 2006. Not only would today’s buyers not need a down payment, they also wouldn’t need to make that full monthly nut. There would be no affordability wall.

        1. Imagine what prices would be if people were honest and only spent money they already had earned and saved.

          4. We already know. House prices would be a lot lower but the middle class still wouldn’t be able to afford if if they had to save up cash for it. For reference, see the Gilded Age.

          6. the middle class still wouldn’t be able to afford

            Forget the Gilded Age. Around 1980 you could buy a house for 2X average personal income. I lived through that, as a 30 year old working single provider. If I had kept working as a tech, instead of taking off three years to go to Engineering School, I could have paid cash. I wasn’t special.

      2. Subprime mortgages have been the mainstay and go to since 2011. 90%+ of all mortgages since then are subprime.

      1. Resale housing prices have been 3x higher than long term trend and double construction cost every year for the last 21 years.

    3. “FHA and VA loans offer low or even no down payment options for borrowers with lower incomes and credit scores.”

      Rock solid lending.

  14. “Because if the hypothesis is right, it will soon start to dawn on people that our mistake was not insufficient reverence for scientists, or inadequate respect for expertise, or not enough censorship on Facebook. It was a failure to think critically about all of the above, to understand that there is no such thing as absolute expertise.”

    Bahahahahaha … “It was a failure to think critically …”. How about it was the ability to think at all.

    To question any of this nonsense was seen to be displaying gross ignorance. For example, if these intellectual pundits were to declare that the sea level of the oceans of the world will rise twenty-two feet by the end of this century (that’s, uh, only seventy one years from now) who were we to dare challenge this prediction? To do so would earn one a label of “science denier” and from henceforth his credibility about anything would be shot.

    IMO this nonsense may have run it’s course and the tide of ignorance may be in the process of turning. We shall see.

    1. “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” – Charles MacKay

  15. Thanks to residential real estate, it’s the engine that is pulling us through,’ Bartlett said.”
    So lots of businesses closed, hotels & restaurants hurting, commercial RE hurting with lots of people losing their jobs but “All is well in the world, because due to residential RE booming we are collecting more tax dollars than ever (paid for by the hurting members of the community mentioned above) and my make work job is secure.”

    1. “`Thanks to residential real estate, it’s the engine that is pulling us through,’ Bartlett said.”

      An engine powered by the spending of money that people do not have.

      Because people do not need to have the money they are spending there is no limit to what price they may be willing to pay; The only limit to the price they may be willing to pay is their ACCESS to this money that they do not have.

      Pit a few fools together who are allowed access to this money and – presto! – a bidding war will ensue and the greatest of these fools will offer to pay the highest price and this highest price magically becomes the going price for the house being sold and (this is important so pay attention) it also sets the VALUES for the comps.

      The “values” of the comps rise which magically creates EQUITY WEALTH for the owners of the comps which is something that can be cashed out and and spent. THIS spending is what powers this “engine that is pulling us through”.

      1. Go here for some fun examples of what befell the highest bidders for houses, the fools who had the greatest access to money that they did not have, the fools who set the much higher values for the comps …

        Survey: Majority of Millennial Homeowners Express Buyer’s Remorse | Realtor Magazine
        https://magazine.realtor/daily-news/2021/05/18/survey-majority-of-millennial-homeowners-express-buyers-remorse

        (a snip)

        “With sight-unseen offers growing or purchases being made during bidding wars and waived contingencies, buyers may feel some regrets following their purchase.”

        Bahahahahaha … what a bunch of dummies.

          4. Fear Of Getting F___d

            We’ve got a lot of synonyms I hope we’ll see more of.

          5. a lot of synonyms

            They might be acronyms.

            With the border closed for something like 15 months, and my First Mate stuck on the other side, I’m suffering from something more like FONGF.

    1. Bought the dip on some Vanguard Energy fund shares last spring, when oil was diving to negative prices. Even though enviros far and wide are actively trying to ban fossil fuel use, the fund has done alright. (It’s heavily populated by oil company shares…)

      People who buy overpriced houses don’t have money left over to buy the dip…

      1. Then I guess I my house wasn’t overpriced, because I bought that massive dip in energy too, at the same time. Well, actually, I did it in my Roth IRA so it was separate money from my housing payments.

        Energy freaks can say what they want, but I still use the metric that it took 15 years to shift from leaded gas to unleaded gas. Barring some sudden massive dictatorial infrastructure plan and confiscation of ICE cars, any shift away from oil is going to take at least that long.

  17. Think I’ll go to PetSmart this afternoon and teach all the parrots to say, “Realtors are liars.”

  19. How does it work out for people who dollar cost average into an investment that goes to zero?

    1. Yahoo Finance
      Bitcoin price crash leaves only one good course of action for believers: strategist
      Brian Sozzi
      Tue, June 1, 2021, 10:05 AM·2 min read

      After watching bitcoin prices fall through a trapdoor over the past month, the bulls invested in the space have only one good option: stay long.

      “From here on out you are going to have to be a bit more discerning [in crypto], find projects that are adding value where the token-omics make sense. But in general, I think if you are a believer for the medium-term you have to just average in. I think you just need to average in and hold for the medium-term,” said crypto expert and currency trader Jeffrey Wang on Yahoo Finance Live. Wang is the head of the Americas at The Amber Group.

      Wang is referring to the process of dollar-cost averaging, when an investor buys a stock or asset regardless of the price at regular interval levels. The move is designed to reduce an asset’s potential volatility.

      “I think crypto has kind of backed itself up and it is kind of a viable asset class,” added Wang. “And there are real opportunities. There is real money to be made.”
      …

      1. “From here on out you are going to have to be a bit more discerning [in crypto], find projects that are adding value where the token-omics make sense.”

        “… where the token-omics make sense.”

        Bahahahaha … if you ever find such a place drop me a line.

      3. “…price crash…”

        Cryptos are still at nosebleed prices. And I see it’s off to the races again today. The crash hasn’t even happened yet.

  20. Why bother with gambling on shsck appreciation, when there’s real money to be made buying the Doge on leverage?

    1. Yahoo Finance UK
      Dogecoin surges 30% after listing on Coinbase Pro and Musk tweet
      Saleha Riaz
      Wed, June 2, 2021, 12:52 AM·3 min read
      More financial advisers are adding cryptos them to their clients’s portfolios.
      Photo: Getty Images

      Dogecoin (DOGE-USD) rose sharply after cryptocurrency exchange platform Coinbase announced it will begin accepting inbound transfers of the joke token that also continues to receive support from Tesla (TSLA) chief Elon Musk.

      The crypto was up 30% on Wednesday morning, trading at $0.42 (£0.3).
      …

        1. At the local supermarket there is one of those spare change gobbling machines. In the past it would give you slip with a credit you could use at the supermarket. Now it gives you the option of receiving bitcoin.

          1. “….Now it gives you the option of receiving bitcoin….”

            Kinda a clever ploy actually.

            I read somewhere that upwards of 4 million BTC have been permanently lost because owners lost their BTC wallets.

            So, odds a lot of change holders will loose their receipt and thus the change maker company (who holds the wallet) get free money back. [after a redeem your receipt time period expiration].

            Almost a big a racket as expiration dates on many gift cards.

  21. ‘Even though there is no consensus, the fact that 1 in 2 Canadians is good with a rate hike speaks to the appetite to cool down a hot housing market,’

    What’s a poor central banker to do when the ordinary people start expressing strong disagreement with central bank-instituted wealth redistribution programs?

    1. Shirley, you jester you. The central bankers don’t care what ordinary people think, only what they do, which is comply.

      1. The part I most love is plain Canucks connecting low interest rates with high housing prices, even though bankers and used home sellers pretend that there is no connection. Anyone who makes it past day one of a college finance class understands this.

  22. Aiea, Hawaii Housing Prices Crater 26% YOY As Speculators Dump And Inventory Soars

    https://www.movoto.com/aiea-hi/market-trends/

    As a noted economist cautioned, “Current asking prices of resale housing is 350% higher than long term trend and double construction costs. Now prices are falling.”

  23. Technically, if inflation exceeds interest rates, then aren’t real interest rates already negative?

    1. The Financial Times
      Capital markets
      US money market funds struggle as short-term rates near negative territory
      Glut of cash in the financial system has strained the $4tn industry’s business model
      A montage of the Fed logo and US dollar bills
      Data show that government money market fund assets swelled above $4tn for the first time in the week ending May 26
      Colby Smith in New York and Joe Rennison in London 6 hours ago

      A sector of the US finance industry that looks after $4tn of savings for individuals and businesses has come under severe strain as US markets flirt with negative interest rates.

      Money market funds investing in short-term government debt have taken in hundreds of billions of dollars of new money from savers in recent months. But there is stiff competition to tap a dwindling supply of low-risk assets that generate positive returns.

      The result has been a squeeze that has driven the yields on some debt below zero, rendering swaths of the industry unprofitable and setting up a challenge for the Federal Reserve, which analysts say may have to weigh in to keep US interest rates positive.
      …

  24. Why anyone would think that transferring our manufacturing to a big Communist Country like China was not a National Security threat is beyond me.
    For instance, had all the manufacturing been transferred to Russia it would of been obvious that it was aiding a rival Country.
    So, now we have this big Communist movement in the USA, a President bribed by China , A media that does everything to protect China.
    This is what happens with this free trade concept. The Globalist Monopolies build up a Communist Country like China by transferring the manufacturing to them, and it creates a Monopoly on manufacturing. So China rises in Power in everyway, and the US gets gutted .
    The cheap China stuff , that everyone got use to , is junk manufacturing anyway, often toxic, shorter lifespan, and ends up in landfills quicker.

    This is what the Politicians allowed in their never ending betrayal to the Citizens of the US, to do what Globalist Monopolies wanted.

    And people wonder why we got a rigged election and a bio weapon from China at the exact timing. And just look at the Entities that benefited by the lockdowns.
    And Globalist Monopolies getting all their agendas by having the Majority in Washington DC.
    Its going to be a big task to reverse all the damage of this power grab.
    Covid has also been a major distraction from the criminal rigged election power grab by Monopolies and who they work with.
    And the popular pushback by Trump getting elected in 2016 brought out all the forces and Entities that have been undermining the USA.
    This One World Order agenda and plot to destroy the sovereign USA, open borders, the Constitution, etc etc, is evident.
    Come on , they have fake media and corruption of a lot of Government agencies, fake narratives, you name it.

    I think they were going to do this takeover in a much slower manner, but the Trump pushback speeded everything up on their part . In a way that’s a good thing because they its nice to have the enemy in the open.

    1. Why anyone would think that transferring our manufacturing to a big Communist Country like China was not a National Security threat is beyond me.

      Oh, they knew. They just didn’t care, as long as they were paid handsomely.

    1. The Financial Times
      Asset allocation
      ‘Game over’: Investors hunt for new model after years of broad gains
      Stocks and bonds rally has left asset managers seeking ways to secure long-term returns
      David Swensen realised back in the 1980s that a 60/40 portfolio was a bad idea
      Robin Wigglesworth yesterday

      Institutional money managers are grappling with a grim investing outlook, sending them on a hunt for the next big idea decades after the late David Swensen triggered a revolution when he arrived at Yale’s endowment in 1985.

      It is a pressing problem. Asset allocators like Swensen — who steer big institutional pools of money like pension plans, endowments or sovereign wealth funds — are facing one of the trickiest investing landscapes in history.

      The bond bull rally, which has pulled down yields, has meant that there are precious few sources of income left across global markets. Even European junk bond yields are now below where 10-year US government debt was a decade ago.

      The high prices for fixed-income assets mean bonds, typically a ballast in portfolios, are unlikely to offer much protection should stocks quake again. Meanwhile, equity markets now trade at elevated valuations in many countries, limiting their scope for further gains.

      “Falling interest rates were the engine of a twin bull market. You couldn’t lose for 40 years. But that game is over now, so what do you do?” said Stan Miranda, chair of Partners Capital, which manages $40bn on behalf of endowments, family offices and charities.
      …

      1. This article reminds me,

        History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

        — Alan Greenspan

  26. ‘The Washington Post quietly walked back its claims regarding the theory that the virus that causes COVID-19 escaped from a laboratory in Wuhan, China.’

    ‘The paper in February 2020 published an article claiming the idea was a “conspiracy theory” that had been “debunked.” The article attacked Sen. Tom Cotton (R-Ark.), who called for an investigation into the origins of the CCP (Chinese Communist Party) virus.’

    “We don’t know where it originated, and we have to get to the bottom of that,” Cotton said during an appearance on Fox News. “We also know that just a few miles away from that food market is China’s only biosafety level four super laboratory that researches human infectious diseases.”

    ‘But The Post alleged the theory the lab was involved was debunked, quoting a political science professor and a professor of chemical biology to support the claim.’

    “There’s absolutely nothing in the genome sequence of this virus that indicates the virus was engineered,” Richard Ebright, a professor of chemical biology at Rutgers University, was quoted as saying. “The possibility this was a deliberately released bioweapon can be firmly excluded.”

    ‘The headline for the article was changed in recent days, from “Tom Cotton keeps repeating a coronavirus conspiracy theory that was already debunked” to “Tom Cotton keeps repeating a coronavirus fringe theory that scientists have disputed.”

    ‘In addition, The Post added a correction. “Earlier versions of this story and its headline inaccurately characterized comments by Sen. Tom Cotton (R-Ark.) regarding the origins of the coronavirus. The term ‘debunked’ and The Post’s use of ‘conspiracy theory’ have been removed because, then as now, there was no determination about the origins of the virus,” the paper said.’

    ‘The Post did not respond to requests for comment. Neither the paper nor reporter Paulina Milla Firozi have appeared to alert readers to the update. The original tweet promoting the article is still up, without a notice that it has been dramatically altered.’

    ‘Ebright told journalist Michael Tracey that when he spoke to The Post, he discussed the lab leak theory, but those comments were not included in the paper’s article. “I again discussed both the genome sequence and the lab-accident hypothesis—this time, both on the record—with WaPo. I was surprised that the February 17, 2020 article in WaPo quoted only my comments on the genome sequence and not my comments on the lab-accident hypothesis,” he said.’

    https://www.theepochtimes.com/mkt_breakingnews/washington-post-labeling-lab-leak-as-debunked-conspiracy-theory-was-wrong_3840960.html

    These dogs can’t be trusted with anything. They not only lie, they constantly mislead and twist.

      1. Washington Post (and the MSM) == Ministry of Truth.

        Don’t worry about the changing narrative. I’m sure it’s double plus good.

        1. Washington Post are globalist sh*tbags who hate America and anyone who supports American national sovereignty. This is why we use the archive website to share WaCompost links, to deny them clicks and revenue.

          The only good globalist is a dead globalist.

        2. That is the price for my local HD. Looking at their site and putting in zip codes, the price varies per region. I guess it is like gasoline now.

  28. Smokin Joe our installed senile Racist leader is starting to sound like a Used Car salesman. I just heard him selling a new Vax program… Shots at the Shops” vaccinations at Beauty and Barber Shops along with a tax credit to employers if they give employees time off to get vaccinated.

    1. vaccinations at Beauty and Barber Shops

      Does it include a free manicure or haircut?

      Makes me think of that Bugs Bunny cartoon where he gives a monster a hair styling, including TNT curlers.

      2. Barber and Beauty shops –> another pitch to the vibrants.
        I’ve heard they’re setting up vaccines on the way into baseball games.

          1. “I’ve heard they’re setting up vaccines on the way into baseball games.”

            “If you die at the game do they just toss you into a dumpster?”

            Shoot me up at the ball game
            Shoot me up with the crowd
            Give me my ticket and I’ll take the Vax
            I don’t care if I ever come back
            For it’s root – root – root for the Home team
            If they don’t win it’s a shame
            For it’s Pfizer, Moderna and J & J
            At the old ball game!

    3. Plus free rides via Uber or Lyft as well as free childcare with KinderCare or Bright Horizons.

    2. The email only says “Bill.” I guess they mention the last name of Gates somewhere else, because there are a lot of Bills out there.

      1. Did you view the attachment?! His full name is in the subject line and BMGF is in the body. 🤦‍♀️

  31. Will be interesting to see how Fake news spins some of the big leaks that got out today about Fauci, etc., or will it be total censorship, or will it be
    the Russians did it.

    If Fauci gets iced, than I predict they have some other liar to take his place quickly. Or, they might do distraction news , or maybe even a false flag event.

      1. The fookin’ rat is being outed. Looks like somebody has decided FraudXi is going to be one of the fall guys.

        1. one of

          Gates and Zuckerberg are caught up in this too. We didn’t elect any of these MFers.

          1. Billions of dollars = automatic inclusion in public policy decisions. Too bad most of these billionaires are mentally insane. Explains a lot, honestly.

        2. Fauci will say something like he decided to retire, and they will quickly replace him while they bury or debunk the things he did.

          The Biden Administration has the Majority, so no meaningful investigation will take place.
          I hope I’m wrong, but I see crime after crime not addressed.

          1. I’m noticing that they are putting everything on Fauxi, in order to take the heat off of China. Fauxi gone, problem gone, right? Don’t fall into this trap, Wiz!

            Fauxi isn’t to blame for this directly. Yes, his organization funded gain of function research behind somebody’s back. Yes, this virus was created as part of that research. Yes they’re part of the cover-up. But this GoF research has been going on for a while and we didn’t have a pandemic until now.

            Don’t forget it was China who let it out (intentionally or not). It was China that flew people out of Wuhan. It was China who hoodwinked the WHO and destroyed evidence and disappeared whistleblowers. Even if Fauxi had been honest from Day 1, I don’t think that would have stopped this virus. This pandemic was China’s doing.

            And maybe the US won’t conduct an investigation, but what about the other countries? Think India might have something to say about this? Or Brazil? Or Iran? Or Italy? What might Putin be thinking?

            [on a side note, it would be pretty entertaining if the Chinese Army recruitment commercial fought against the Russian Army recruitment commercial. Who would win?]

  33. Today is Wednesday, June 2nd and Joe Biden is not the legitimately elected president of the United States.

    The 2020 election was stolen.

    There are eighty million of us, and we are done with you unelected deep state globalist traitors. YOU WILL HANG 🙂

  34. The Fed knows there’s no such thing as tapering a Ponzi. Is this the first tentative step towards triggering an engineered asset bubble bust that will once again enable the Fed’s oligarch and vulture fund accomplices to hoover up the distressed assets of the proles?

    Fed Plans to Wind Down a Pandemic Corporate Credit Facility

    https://www.bloomberg.com/news/articles/2021-06-02/fed-plans-to-wind-down-a-pandemic-corporate-credit-facility?srnd=premium&sref=ibr3A0ff

    The Federal Reserve Board plans to begin gradually selling a portfolio of corporate debt purchased through an emergency lending facility launched last year, as the Covid-19 pandemic was spreading panic through financial markets.

    “Portfolio sales will be gradual and orderly, and will aim to minimize the potential for any adverse impact on market functioning by taking into account daily liquidity and trading conditions for exchange traded funds and corporate bonds,” the Fed said in a statement on Wednesday.

    1. “The Fed knows there’s no such thing as tapering a Ponzi.”

      As soon as the highly-leveraged gamblers who go all in on these schemes suspect imminent withdrawal of the Fed’s support, they dump en masse, leaving behind a bevy of bubble collapse victims who got stucco HODLing devalued assets.

    2. “Portfolio sales will be gradual and orderly, and will aim to minimize the potential for any adverse impact on market functioning…”

      Kind of like when Lehman Brothers sold off its portfolio in Fall 2008?

    3. That’s like two cents in the grand scheme of things. It’s kind of like a burglar stealing your $100,000 in gold, then offering you back $20.

  35. To channel Chandler Bing, could this administration BE any more flaccid and lame? Adversaries have no fear of our “woke” CIA and soon-to-be-purged-of-patriotic white males military.

    When Pressed on Why US Has Seen Two Massive Cyberattacks Under Biden, Psaki Tells Peter Doocy to Track Down Russian Hackers and Ask Them (VIDEO)

    https://www.thegatewaypundit.com/2021/06/pressed-us-seen-two-massive-cyberattacks-biden-psaki-tells-peter-doocy-track-russian-hackers-ask-video/

  38. Offering beer, babysitting and barbershop outreach, the White House launches new initiatives to boost vaccinations

    By Tyler Pager, Lena H. Sun and John Wagner
    June 2, 2021 at 6:31 p.m. EDT

    President Biden announced a raft of new private-sector initiatives on Wednesday to encourage Americans to get vaccinated, as his administration increasingly looks to outside partners to help meet its goal of 70 percent of adult Americans with at least one shot of a coronavirus vaccine by the Fourth of July.

    Declaring June a “national month of action,” the administration wants to incentivize Americans who are hesitant about getting vaccinated with a range of perks, including free food delivery, baseball tickets, Xboxes and chances to win cruise tickets, groceries for a year and free airline flights.

    Anheuser-Busch also announced it would give away free beverages if the country reaches Biden’s 70 percent goal.

    “Get a shot and have a beer,” Biden said Wednesday.

    The announcement of “Shots at the Shop” builds on the success of several barbershops around the country, including one in Hyattsville, Md., that have held vaccination clinics. Vaccination levels lag in Black and Brown communities, among others, and the barbershop initiative is seen as one way to persuade those who have been hardest hit by the pandemic but are often reluctant to get the shots.

    https://www.washingtonpost.com/health/2021/06/02/biden-barbershop-salon-coronavirus-vaccine-initiative/

  40. So, let me get this straight. There are enough white collar WFH type workers in this country that have decided to buy a house somewhere else to get away from Covid city fall-out that it has driven up house prices? Or is it the low interest rates the chief culprit? Or is it groups like Blackstone buying up houses to rent out? Or is it a combination of all that?

    Even podunk areas have had their prices go up. I find it hard to believe that BFE towns in the high unemployment belts have the locals lining up to buy; flippers buying on the assumption they can flip or extract rent income; FIRE folks or other retirees are deciding that a low walk value country town full of deplorable ideas is where they want to rub elbows.

    1. Even podunk areas have had their prices go up.

      Probably equity locusts fleeing maladministered Democrat sh!tholes.

      1. I wonder how many that are actually trying to get as far away as possible from vibrants would never publicly admit it?

    4. Don’t forget about pandemic moratoriums on rent and mortgage payments.

      Letting people live in houses without making monthly payments reduces supply on the market.

      1. Also low interest rates, supported by Fed MBS purchases, and institutional investors jumping in to residential real estate to capture subsidized home price appreciation when returns on interest bearing investments are pinned to the mat…

    1. HCQ tabs. Wasn’t that the deal that Trump made with India a year ago? But again, I don’t want people to throw Fauxi under a bus, feel all satisfied that “justice” was done, and call it a day. China needs to be dealt with. They bear a greater responsibility for this than Fauxi.

      2. Ok oxide, China is the biggest evil culprit in the Covid story. But if you have the top dog Government Spokesperson like Fauci, covering up the real facts, lying to public about masks etc, fear mongering, operating in conflict of interest, being prejudicial in lockdowns, pushing vaccines, and basically steering the public in the wrong direction, and creating more damage as a result, than your just as bad. Trying to protect your involvement with the lab, and even protecting China, is obstruction and collusion with a Foreign enemy.
        Fauci should of recused himself from being the Public Spokesperson on the virus because he didn’t have clean hands after disclosing the funding to that lab immediately.

        1. should of recused himself

          He broke the law in a big way.

          We knew he was lying the first time he changed his story.

    2. The pieces are all there…just organize them on a timeline. FWIW, Dr. Navarro is ageing well; juxtapose him with his host. 🙂

    1. Markets
      CNBC Business News
      AMC files to sell 11 million shares — stock immediately gives up big gain
      Published Thu, Jun 3 20217:17 AM EDT
      Updated 8 Min Ago
      Maggie Fitzgerald
      Key Points
      — AMC Entertainment on Thursday filed to sell 11.5 million shares of its stock.
      — Shares of AMC turned negative in premarket trading on the news, giving up a big gain.
      — AMC said it plans to use the money from the stock sale for “general corporate purposes,” which may include paying down existing debt, acquisition of theatre assets, among other things.
      — “We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last,” AMC said in the SEC filing.

      AMC Entertainment said Thursday it plans to sell more than 11 million shares amid the trading frenzy in its stock.

      “In accordance with the terms of the Distribution Agreement, we may, through our sales agents, offer and sell from time to time up to an aggregate of 11,550,000 shares of our Class A common stock,” AMC said in a SEC filing.

      Shares of AMC reversed course in premarket trading, dropping slightly after popping more than 20% in early trading.

      AMC Entertainment is garnering attention from the WallStreetBets crowd in recent weeks, pushing the stock up nearly 140% this week to an all-time high of $62.55 on Wednesday. AMC is up 512% this quarter and a whopping 2,850% this year. The market value has ballooned to above $31 billion.

      “We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last,” the company said in the filing. “Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment.”
      …

      1. I was in the movie theater the weekend before COVID-19 pandemic restrictions closed all indoor theaters in March 2020. Was there last weekend. Every time the theaters allowed entry between March 2020 and May 2021, we attended a movie indoors.

        A commonality across these experiences was the consistently empty movie theaters. Whatever drove AMC stock up by 2,850% this year most certainly wasn’t revenue growth.

      2. “Under the circumstances, we caution you against investing … unless you are prepared to incur the risk of losing all or a substantial portion of your investment.”

        Very reminiscent of recent warnings about cryptocurrency investing…

  43. When the MSM tells us the criminal enterprise known as the Democratic Party is panicking over “voting rights,” what they really mean is “ability to continue committing wholesale electoral fraud.”

    Pressure mounts on Manchin as ‘panic’ sets in among Democrats over voting rights

    https://www.chron.com/news/article/Pressure-mounts-on-Manchin-over-voting-rights-16218859.php

    WASHINGTON – Democratic leaders and activists are urgently stepping up pressure on Sen. Joe Manchin III to support legislation to fight Republican-led voting restrictions across the country, with party officials increasingly concluding that the battle over voting rights could come down to what the centrist Democrat from West Virginia does.

    In a rare show of public frustration with his own party on Tuesday, President Joe Biden appeared to lash out at Manchin when he accused a pair of unnamed senators of aligning too closely with Republicans and stalling efforts to pass sweeping voting standards.

    1. They can’t sway Manchin on anything he doesn’t want to be swayed on already. He has an ace in the hole: he could flip the Senate simply by resigning. He’s 74; he could do it tomorrow.

    1. Maybe I am missing something, but the concept of using fuel to grow vegetables in order to convert them into fuel seems patently idiotic.

      The Financial Times
      Food Prices
      Global food prices post biggest jump in a decade
      Data showing 40% gain in agricultural commodities raises spectre of accelerating food inflation
      Inside a grain storage facility in Russia
      The rise in world market prices will further increase food price inflation especially among poorer countries reliant on imports for staples
      Emiko Terazono
      29 minutes ago

      Global food prices surged by the biggest margin in a decade in May as one closely-watched index jumped 40 per cent in the latest sign of rising food inflation.

      The year-on-year leap in UN Food and Agriculture Organization’s monthly food price index was the largest since 2011 and signalled that inflation initially stoked by pandemic disruption is accelerating.

      China’s soaring appetite for grain and soyabeans is adding to upward pressure on prices, along with a severe drought in Brazil and growing demand for vegetable oil for biodiesel.
      …

    2. The Financial Times
      Global inflation
      ‘Kind of crazy’: how the booming US used car market is driving inflation
      Supply constraints and soaring demand make vehicle prices a key number to watch for the Fed
      Popular vehicles like the Ford F-150 truck are selling for much higher prices
      James Politi in Washington and Colby Smith in New York yesterday

      Last month it took Carey Cherner, a 36-year-old used car dealer in Kensington, Maryland, less than 12 hours to sell a 2001 Ford F-150 pick-up truck with 184,000 miles on the clock. It went for $7,500 — 50 per cent higher than usual.

      Cherner’s experience was not a one-off in the US used car market, where prices are rising rapidly. The industry is at the heart of the country’s growing inflationary pressures — and has therefore become a subject of great interest to policymakers in Washington.

      “There’s more people buying cars than there are cars in the market, which makes it go kind of crazy,” Cherner said.
      …

      1. I follow several vehicle models, daily. Prices for used have certainly leaped, but I am under the impression that it is due to lax lending standards rather than excess cash on main street. Note that these used vehicle sales are increasingly low-down financed over longer periods, which is risky for vehicles out of warranty. Fleet sales are down significantly, which reflects the reality on main street.

        1. Fleet sales are down significantly, which reflects the reality on main street

          I wonder what is the break down in fleet sales, as in Corporate America vs. Main Street.

          That said, I would expect Corporate America to turn over its fleet on schedule, while perhaps Main Street might defer replacing.

    3. Turns out when everyone is flush with cash after a protracted period of pandemic level production, there’s a shortage of the things people want, which sends prices skyward.

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